Bad property advice can come from the best of intentions; but that doesn’t change the financial damage it can cause. Most forms of “bad” property advice aren’t malign. It’s just that they’re oversimplified, or just plain outdated. From obsessing over the lowest price per square foot to assumptions of positive cash flow, we’ve picked out some of the common bits of bad advice to reconsider: Bad Property Advice #1: The Progressive Payment Scheme or Deferred Payment Scheme will make properties more affordable These schemes make properties appear more affordable, and may help to alleviate certain cash flow issues. They don’t, however, make your property “more affordable”. With the Progressive Payment Scheme (PPS), the loan repayment grows as the property is completed. This is due to the way the loan is disbursed. For example, 10 per cent of the loan is disbursed after the foundation is laid; then 10 per cent after concrete framework, etc....